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Great insights into hiring executives at early stage startups from @zebulgar & @rabois 🔥As a founder, what should you look for? As an executive, what do you need to bring to the table? Esp. Interesting for folks early in their careers delian.io/lessons-2
Key takeaways👇🏻
Super stoked to launch @bricks_hq on @ProductHunt today along with the rest of the team 🚀
We put a lot of thought and intention into building the best AI spreadsheet you've ever seen
Try it out and let me know what you think
producthunt.com/posts/bricks…
@bricks_hq is officially LIVE on @ProductHunt🎉
We’re thrilled to share what we’ve been working on—an AI spreadsheet that does all your spreadsheet tasks for you using natural language prompts.
✨ No more formulas
✨ No more hours of data cleanup
✨ You just type what you want to do and AI does it for you
producthunt.com/posts/bricks…
Here's our favorite so far. My 4 yo came up with this one:
"Write a story for my 4 year old son named [Name] about Little Mommy went into the forest looking for the brown bear but Little Mommy was lost. Light hearted, fun, and with a great moral to the story"
The product you offer HAS to be differentiated
This is essential
The differences have to be dramatic enough to elicit a "gotta have" response
And to do that, it has to fulfill a significant customer need currently unmet by the competition
This need drives customer adoption
Why? Invention throws the system into flux and creates new opportunities for startups
To do this, the new product must be so much better in the eyes of the customer that it evokes a “gotta have” response - by fulfilling a significant customer need currently unmet by competition
Each Power is established in certain stages
- Stage 1: Pre-product/market fit (counter positioning, cornered resource)
- Stage 2: Period of explosive growth (network effects, scale economies, switching costs)
- Stage 3: Stabilize to 30-40% yoy growth (branding, process power)
So, how do you establish Power?
If you want to develop Power, your first step is invention. Creating new breakthrough products, engaging brands, innovative business models
It all starts with invention. You must create something new that produces substantial economic gain
Example: Toyota Production System
Toyota’s efficient manufacturing techniques produce high-quality vehicles that last, at lower cost
Competitors struggle to imitate Toyota's methods due to the intricate nature of their processes, giving Toyota a sustained competitive advantage
Power #5: Branding
Arises when a company's products have higher perceived value due to brand image, history, and reputation
Benefit is ability to charge higher prices. The Barrier is the extensive time and consistency required for competitors to establish a similar brand value
Power #7: Process power
Stems from a company's unique methods and operations that lead to lower costs and/or superior products
The Benefit is lower costs or higher quality. The Barrier arises from the difficulty in replicating these processes without extensive time & commitment
Example: A pharmaceutical company with a patent on a blockbuster drug
The patent provides exclusivity, allowing the company to generate significant profits without competition
Competitors cannot produce or sell the drug until the patent expires, ensuring a competitive advantage
Power #6: Cornered resource
When a company has exclusive access to a valuable asset that enhances its offerings
The Benefit is the increased value from the asset. The Barrier lies in the exclusive nature of the resource, making it impossible for competitors to access